Kandi's KD17 "Cyclone" will be launched by the end of this year

Kandi Technologies Group, Inc. today announced that its new pure electric vehicle model KD17 "Cyclone", jointly developed by Kandi and Geely Automobile Holdings Ltd. ("Geely"), passed the evaluation done by the executive team of Kandi Electric Vehicles Group Co., Ltd, the joint venture formed by Kandi and Geely's 99%-owned subsidiary, on September 30, 2014.

It achieved multiple domestic automobile golden standards and is under scrutiny of China’s Ministry of Industry and Information Technology to be released at the end of 2014 right now.

More about "Cyclone" EV

"Cyclone" is a five-door, four-seat vehicle with spacious and comfortable seating area. The vehicle utilizes newly developed triple element non-polymer battery and central control system featuring in both touch screen and conventional buttons. "Cyclone" achieved multiple domestic automobile golden standards and is currently under scrutiny of China's Ministry of Industry and Information Technology ("MIIT"), with the expectation to release to market at the end of 2014.

The Company anticipates "Cyclone" to generate strong positive feedbacks and impacts on China's public market.

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About Kandi Technologies Group, Inc.

Kandi Technologies Group, Inc. headquartered in Jinhua, Zhejiang Province, is engaged in the research and development, manufacturing and sales of various vehicle products. Kandi has established itself as one of the world's largest manufacturers of pure electric vehicle ("EV") products, Go-Kart vehicles, three-wheel motorcycles and utility vehicles (UTVs), among others.

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Any government subsidies for Kandi?

Recently, the Kandi-brand SMA7001BEV pure electric vehicle passed the Nanjing local inspection for the licensed plate at the end of September.

Both Kandi’s SMA7000BEV and SMA7001BEV models are eligible to receive not only the national government subsidy of RMB 47,500.00 (Approximately USD 7,738.00), but also the local government subsidy of RMB 47,500.00 (Approximately USD 7,738.00) from Jiangsu provincial government and Nanjing municipal government combined.

In addition, Kandi is the first EV group in China to announce an EV car share program.